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Market Update, April 1, 2021 If you read our updates, you know we’re in a seller’s market, but you may be wondering what we mean when we say that. Housing prices respond to supply and demand. Right now, there’s high demand for homes and not much supply. In real estate, we often look at “months […]
Front Range Real Estate Market Update, April 1, 2021 Read More »
Over the past 25 years, nationwide home prices have appreciated about 3.8% per year. During the past year, the average price for a home is up 9.6% in Metro Denver. Nationally, homes appreciated at 9.5%, according to the CoreLogic Case-Shiller U.S. National Home Price Index. When people see numbers like that, the natural inclination is to
Front Range Real Estate Market Update, February 18, 2021 Read More »
The Principal Team’s Ultimate Home Selling System ensures your home is exposed to the maximum possible number of prospective buyers and that you earn top dollar with our “Full Service without the Fees” lower commission home sales program. If you’re thinking of selling this season, give us a call to learn specifics about your market. Call The Principal Team
Metro Denver Home Inventory vs. Home Prices, January 2010 through January 2021 Read More »
During the last week: New Listings – 750 Back On Market – 125 Price Increase – 186 Price Decrease – 271 Pending – 1525 Withdrawn – 76 Closed – 899 Expired – 130 — Previous Week: New Listings – 627 Back On Market – 123 Price Increase – 229 Price Decrease – 224 Pending –
Quick Market Update, 1/28/2021 Read More »
People are wondering what impact the new president will have on real estate. We can’t predict the future, but we do know quite a bit about President Biden’s plans. In general, the administration hopes to make owning a home more affordable. One way they hope to accomplish this is by implementing a first-time homebuyer tax credit.
How will the new administration affect real estate and housing? Read More »
We ended 2020 with a record-low number of homes on the market – just 2,541. The average number of homes for sale at the end of December is 12,941. With such low inventory, the market strongly favors sellers. The average closed price was up 5.44% compared to 2019. Despite the pandemic-induced stand-still in the market during
Front Range Real Estate Market Update, 1/7/2021 Read More »
November was all about breaking records! We broke record after record primarily because the inventory of homes for sale was so low. In fact, 3,415 homes for sale at the end of the month represents the lowest inventory on record. (The average number of homes for sale during November is 14,488!) Average and median home
December Market Update Read More »
Market Update, November 5, 2020 Home prices continued to climb in October. The average price for a single-family home sold was $625,100, while the average for attached homes was $393,733. We saw the lowest number of active listings for any October ever, which definitely had an impact on prices. There were just 4,821 homes for sale, almost 2,000
Front Range Real Estate Market Update, November 5, 2020 Read More »
Mortgage rates hit another record low this week. This is the tenth record low this year – 2.81% for a 30-year-loan, according to Freddie Mac. A year ago, the average was 3.69%. This is helping drive buyer demand, but, according to the Mortgage Banker’s Association, applications decreased 0.7% compared to last week. Speaking of mortgages, in
Front Range Real Estate Market Report – October 15, 2020 Read More »
Every home in America just got a flood-risk score. Your home – and any home you may purchase – has an easy-to-access “Flood Factor” score that “is an indicator of its comprehensive flood risk” and shows a property’s “likelihood of flooding and the potential depth of that flood.” FEMA flood maps can be unreliable predictors of future flooding and
Front Range Real Estate Market Update, August 27, 2020 Read More »
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